Loading ...yep, oil is busting a nut today. We already know that inflation is bad for gold. The only thing that matters is the USD and rates. Why not go to cash and put your money in short term bonds?
Then there’s the miners, high oil prices are bad for them.
All that being said, I thought there was a chance the USD would rollover today. Ha! There I go thinking again. The rig is still with us until there is no market.
GFI is up a little and that’s about it.
The SM is way overdue for a Sunday night slam.